The rule seems even more bizarre when we know it's +/- 2 minutes also for speeches.
When Powell or Lagarde are speaking, after the notes release, the tickers stay volatile for much more than the initial 2 minutes of their opening statement.
But the props are only concerned about what is said in the initial 2 minutes. That's some kind of a joke.
And BeSpoke was even worse. Any news were affecting any pair or instrument. So someone with a EURCHF or oil would have to take into consideration a JPY stuff at 4 am. (they eliminate the news rule).
When Powell or Lagarde are speaking, after the notes release, the tickers stay volatile for much more than the initial 2 minutes of their opening statement.
But the props are only concerned about what is said in the initial 2 minutes. That's some kind of a joke.
And BeSpoke was even worse. Any news were affecting any pair or instrument. So someone with a EURCHF or oil would have to take into consideration a JPY stuff at 4 am. (they eliminate the news rule).
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